Space Launch Services Market worth 27.18 Billion USD by 2025

According to the new research report "Space Launch Services Market by Service Type (Pre-Launch, Post-Launch), Payload (Satellite, Human Spacecraft, Cargo, Testing Probes, Stratollite), End User, Orbit, Launch Vehicle Size, Launch Platform, and Region - Global Forecast to 2025", The space launch services market is estimated to be USD 8.88 Billion in 2017 and is projected to reach USD 27.18 Billion by 2025, at a CAGR of 15.01% during the forecast period. The increase in demand for small satellites, rise in space exploration activities, and technological advancements to develop low-cost launch vehicles are key factors driving the growth of the space launch services market.

Based on service type, the pre-launch segment is expected to lead the space launch services market during the forecast period

Based on service type, the pre-launch segment is expected to lead the space launch services market from 2017 to 2025. The growth of the pre-launch services segment can be attributed to an increase in the number of launch service providers and reduction in the price of launch and integration services that include flight hardware support and mission management. In addition, technological advances in space systems have led to expanding the capabilities of payloads, thereby contributing to the growth of the pre-launch services segment of this market.

Based on payload, the satellite segment of the space launch services market is projected to grow at the highest CAGR during the forecast period

Based on payload, the satellite segment of the space launch services market is expected to grow at the highest CAGR from 2017 to 2025. The increased demand for Earth observation and communication satellites has led to the growth of the satellite segment. These satellites are intended for monitoring the Earth’s surface to obtain valuable information for mapping, mineral exploration, land-use planning, and resource management, among other activities.

Based on launch vehicle size, the small lift launch vehicle segment is projected to lead the space launch services market during the forecast period

Based on launch vehicle size, the small lift launch vehicles segment is projected to lead the space launch services market from 2017 to 2025. The increasing deployment of small satellites for commercial and military applications and rising investments for the development of small launch vehicles are factors contributing to the growth of the small lift launch vehicles segment of the space launch services market.

North America is estimated to account for the largest share of the space launch services market in 2017

North America is estimated to lead the space launch services market in 2017. The increasing demand for launch services for satellites, human spacecraft, and space probes is projected to drive the growth of the space launch services market in North America. In addition, increased investments in space probe missions are further contributing to the growth of the space launch services market in this region.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.